Czech National Bank Has $19.84 Million Stock Holdings in Equinix, Inc. $EQIX

Czech National Bank lifted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,890 shares of the financial services provider’s stock after purchasing an additional 1,034 shares during the period. Czech National Bank’s holdings in Equinix were worth $19,836,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in EQIX. Quent Capital LLC lifted its stake in Equinix by 4.2% in the third quarter. Quent Capital LLC now owns 298 shares of the financial services provider’s stock valued at $233,000 after buying an additional 12 shares during the period. Flputnam Investment Management Co. grew its position in shares of Equinix by 1.0% during the 3rd quarter. Flputnam Investment Management Co. now owns 1,295 shares of the financial services provider’s stock worth $1,014,000 after buying an additional 13 shares during the period. Paragon Private Wealth Management LLC increased its stake in shares of Equinix by 2.7% in the 3rd quarter. Paragon Private Wealth Management LLC now owns 495 shares of the financial services provider’s stock valued at $388,000 after acquiring an additional 13 shares in the last quarter. Cornerstone Planning Group LLC increased its stake in shares of Equinix by 40.6% in the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 13 shares in the last quarter. Finally, Pathway Financial Advisers LLC lifted its position in shares of Equinix by 3.2% during the 2nd quarter. Pathway Financial Advisers LLC now owns 455 shares of the financial services provider’s stock valued at $362,000 after acquiring an additional 14 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Chairman Charles J. Meyers sold 305 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $961.19, for a total value of $293,162.95. Following the transaction, the chairman owned 12,594 shares of the company’s stock, valued at approximately $12,105,226.86. This trade represents a 2.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan Lin sold 635 shares of Equinix stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $965.71, for a total value of $613,225.85. Following the transaction, the insider owned 10,788 shares of the company’s stock, valued at $10,418,079.48. This trade represents a 5.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,842 shares of company stock worth $14,494,840 over the last ninety days. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on EQIX shares. Morgan Stanley reissued an “overweight” rating and set a $1,075.00 target price on shares of Equinix in a research note on Friday, February 13th. HSBC set a $1,050.00 price target on shares of Equinix and gave the company a “buy” rating in a research note on Thursday, January 15th. Jefferies Financial Group increased their price objective on shares of Equinix from $950.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Weiss Ratings restated a “hold (c)” rating on shares of Equinix in a research note on Thursday, January 22nd. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Equinix in a research report on Thursday, February 12th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,015.05.

Equinix Stock Performance

NASDAQ EQIX opened at $963.52 on Friday. The company has a market cap of $94.67 billion, a P/E ratio of 70.07, a PEG ratio of 2.48 and a beta of 1.04. The company has a fifty day simple moving average of $904.28 and a 200 day simple moving average of $825.62. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.40. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $992.90.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, February 11th. The financial services provider reported $8.91 earnings per share for the quarter, missing the consensus estimate of $9.07 by ($0.16). Equinix had a return on equity of 9.60% and a net margin of 14.65%.The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the company posted $7.92 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Sell-side analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th were issued a $5.16 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from Equinix’s previous quarterly dividend of $4.69. Equinix’s dividend payout ratio (DPR) is currently 150.11%.

About Equinix

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.